Activist investor urges Bob Evans to sell subsidiary

Activist investor urges Bob Evans to sell subsidiary

Sandell Asset Management says BEF Foods could sell for nearly $1 billion

Sandell Asset Management is again urging the board at Bob Evans Farms Inc. to sell off its packaged foods subsidiary, BEF Foods, suggesting that the deal could fetch the company nearly $1 billion.

The activist investor also said that it has an interested buyer: St. Louis-based packaged foods company Post Holdings Inc.

“We have been told by knowledgeable sources that Post had expressed an interest in pursuing a transaction with Bob Evans involving its packaged foods bus

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